Mccormick (MKC) Tax Rate (2009 - 2026)
Mccormick's (MKC) quarterly Tax Rate came in at 28.84% in Q2 2026, up 474.0% YoY from 5.02% in Q2 2025, and up 9.55% on a QoQ basis from 26.32% in Q1 2026.
Mccormick (MKC) Tax Rate (2009 - 2026) Analysis & Trends
Mccormick (MKC) has 18 years of Tax Rate data on file, last reported at 28.84% in Q2 2026.
- Quarterly Tax Rate rose 474.0% year-over-year to 28.84% in Q2 2026, while the trailing twelve-month figure through May 2026 was 23.42% (up 133.0% YoY) and the FY2025 annual result came in at 21.45%, up 96.0% from the prior year.
- Tax Rate advanced to 28.84% in Q2 2026, from 26.32% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 28.84% in Q2 2026 to a low of 13.53% in Q2 2024.
- A 5-year average of 21.69% and a median of 22.14% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate sank 918 bps — and 2025, when it soared 1056 bps.
- Tracing MKC's Tax Rate over 5 years: stood at 23.3% in 2022, then declined by 5 bps to 22.16% in 2023, then rose by 15 bps to 25.44% in 2024, then dropped by 6 bps to 23.94% in 2025, then climbed by 20 bps to 28.84% in 2026.
- The last three Tax Rate figures came in at 28.84% (Q2 2026), 26.32% (Q1 2026), and 23.94% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 14.37% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 10.77% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 28.84% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 56.69% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 23.63% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | -18.47% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 22.13% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 21.40% |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | 30.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 28.84% |
| May 31, 2026 | 28.84% |
| May 31, 2026 | 28.84% |
| Feb 28, 2026 | 26.32% |
| Feb 28, 2026 | 26.32% |
| Feb 28, 2026 | 26.32% |
| Nov 30, 2025 | 23.94% |
| Nov 30, 2025 | 23.94% |
| Nov 30, 2025 | 23.94% |
| Aug 31, 2025 | 15.85% |
| Aug 31, 2025 | 15.85% |
| Aug 31, 2025 | 15.85% |
| May 31, 2025 | 24.10% |
| May 31, 2025 | 24.10% |
| May 31, 2025 | 24.10% |
| Feb 28, 2025 | 22.31% |
| Feb 28, 2025 | 22.31% |
| Feb 28, 2025 | 22.31% |
| Nov 30, 2024 | 25.44% |
| Nov 30, 2024 | 25.44% |